LOCTrailing - is a 3 in 1 order trailing system with a breakeven functionality | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hard stop: Breakeven or trailing stop? 24 replies

Trailing stop, breakeven, and stop loss MT4 EA 0 replies

Trade on Moving Average (MA) with SL, TP, Trailing, BreakEven 3 replies

Breakeven/Trailing Stop help in coding mql 0 replies

all order trailing stop from order placed point 14 replies

Attachments: LOCTrailing - is a 3 in 1 order trailing system with a breakeven functionality
Exit Attachments

LOCTrailing - is a 3 in 1 order trailing system with a breakeven functionality

  • #1
  • First Post: Edited Aug 13, 2011 10:25am Jan 31, 2010 2:48pm | Edited Aug 13, 2011 10:25am
Hi all,
Want to introduce a helper EA which can save your nerves
A trailing EA with 8 different algorithms and a breakeven functionality.
LOCTrailing Expert Advisor Features

 

  1. 8 trailing algorithms - Simple, Parabolic, ATRStop, X bars back, Fractal, Bollinger Bands, Approaching, Kijun-sen
  2. Breakeven Functionality
  3. Live visual info about orders the EA is tracking
  4. Customizable input parameters of the indicators used.
  5. Tracking specific orders by a comment
  6. Can set Stop loss and Take profit instantly after an order is placed.
  7. Works on any timeframe and any pair.
  8. Works on 4 digit and 5 digit accounts.

LOCTrailing expert advisor will automatically trail your opened positions using three different trailing algorithms. Also EA allows you to set a breakeven level and will automatically move your stop loss in a breakeven after a certain pips of profit. EA can be configured to track all opened orders on a pair or only those which are marked with a special comment.

Hope you like it
http://landofcash.net/ForexExpertAdv...CTrailing.aspx



Thanks
Mikhail

  • #2
  • Mar 30, 2010 6:07pm Mar 30, 2010 6:07pm
Can it be set to Trail after Breakeven and can it work on 4 and 5 digit brokers using both EA and Manual trades?
  • #3
  • Mar 30, 2010 6:39pm Mar 30, 2010 6:39pm
-Yes it can trail after breakeven.
-Yes can work on 4 and 5 digit accounts. there is a _pipsMultiplyer input setting you just need to set it to 10 on 5 digit account or 1 on 4 digit account.
-Yes can work with manual and automatic trailing.

You can get the trailing EA here:
http://www.landofcash.net

Thanks
Mikhail
  • #4
  • Apr 28, 2010 9:08am Apr 28, 2010 9:08am
New version of LOCTrailing EA released!
get it here: http://www.landofcash.net

changes:
1. Added "X bars back" trailing algorithm
2. added an option to trail in negative (loss) sone also if true EA will trail orders after it is placed.

Also view demo videos of the EA:
ATR based stop loss:
Inserted Video

pSAR based stop loss:
Inserted Video
  • #5
  • Aug 2, 2010 11:16pm Aug 2, 2010 11:16pm
New version of loc trailing EA released.

Added Fractals trailing method.
With new trailing method EA will trail order stop loss using fractals indicator.

also watch new demo video
Inserted Video


More info on the site http://www.landofcash.net

Thanks
Mikhail
  • #6
  • Sep 30, 2010 9:16pm Sep 30, 2010 9:16pm
Excellent job Mikhail.

I purchased your LOC a few days ago and it is great. There is another similar package available but I didn't like all the hype that went with it.

I have a lot of experiments to do to help determine the best strategy and settings but I am already getting good results.

Will you be doing more upgrades? Please.

For example it would be nice to have a LOC moving average trailing stop.

It would also be especially interesting to have one that could work with a displaced moving average, like Bill Williams Alligator - a smoothed moving average of 8 displaced 5 of the Median price(HL/2).

That could work very well.

Please keep us updated.
  • #7
  • Oct 1, 2010 6:35am Oct 1, 2010 6:35am
Hello,
Thank you for using the LOCTrailing EA.

Yes I plan to update the EA with new features. At this time I'm working on:
1. MA trailing,
2. Trailing using a Custom Indicator
3. Invisible SL and TP

I think will release next version of the EA next week or two.

And the http://www.landofcash.net site will look different soon. I'm going to change the design add add some interactivity.

Thanks
Mikhail
  • #8
  • Oct 8, 2010 4:04pm Oct 8, 2010 4:04pm
Thanks Mikhail.

I love being able to place a low time frame trade and then being able to walk away from it and not worry about it.

Sitting for hours, moving stops on the computer, is not my idea of fun.

I look forward to your additional ideas.
  • #9
  • Nov 16, 2010 5:43pm Nov 16, 2010 5:43pm
Hi All,
New site is up! New EAs, new forum, etc etc...

New EA: LOCTrailingMA -- Moving Average based EA + Breakeven function.

New Video:
Trailing with MA
Inserted Video


More on the site:
http://www.landofcash.net

Thanks
Mikhail
  • #10
  • Nov 17, 2010 5:18pm Nov 17, 2010 5:18pm
Quoting landofcash
Hi All,
New site is up! New EAs, new forum, etc etc...

New EA: LOCTrailingMA -- Moving Average based EA + Breakeven function.

New Video:
Trailing with MA
http://www.youtube.com/watch?v=XUH5LB1wfy0

More on the site:
http://www.landofcash.net

Thanks
Mikhail
I just registered for your forum and am interested in test results of the EA. Due to "newness" demo would suffice. If we can see some illustration of what the EA performance results are in short, intermediate and long term TF's, it would most likely support your sales and increase them? Like, with the different set files what are the w:l and dd stats (even short term test would be appreciated either by you (developer) or those now trying the EA.

Looks good in concept.....
Atlas1
  • #11
  • Nov 17, 2010 5:39pm Nov 17, 2010 5:39pm
This is not a true EA it is more a helper tool. It doesn't open orders itself only trails orders that were opened by you or any other EA.

The idea of trailing is to protect your orders. EA can run 24 hours a day watching your positions and move SL if needed.

So there is no w:l or dd stats for it.

hope this makes sense.
  • #12
  • Nov 17, 2010 8:20pm Nov 17, 2010 8:20pm
Quoting landofcash
This is not a true EA it is more a helper tool. It doesn't open orders itself only trails orders that were opened by you or any other EA.

The idea of trailing is to protect your orders. EA can run 24 hours a day watching your positions and move SL if needed.

So there is no w:l or dd stats for it.

hope this makes sense.
Yes, thank you. After I posted I read your manual and it was clear the EA is management only without entry trade capability. Since you have the exit trade covered with multiple optional methods, it seems natural you would consider adding entry methods. Since this is MA oriented perhaps using a MA Crossover like Ronald Raygun's shown here:http://www.forexfactory.com/showthread.php?t=211654
or some choice of your own? Just a suggestion, or give several choices of entry to match your approach on exits?

I like what you have done in your development efforts.

Atlas1
  • #13
  • Nov 17, 2010 8:40pm Nov 17, 2010 8:40pm
It is possible.
There is an undocumented feature:
input parameter _demo if you change it to true, EA will trade in tester. Very simple entry on cross of MAs. So you can test different trailing & breakeven functions of the EA visually.
  • #14
  • Nov 19, 2010 12:41am Nov 19, 2010 12:41am
Quoting landofcash
It is possible.
There is an undocumented feature:
input parameter _demo if you change it to true, EA will trade in tester. Very simple entry on cross of MAs. So you can test different trailing & breakeven functions of the EA visually.
Thank you for explaining the test feature of your management EA. I like the
video demonstration. What EA, or EA's, have you been using the LOCTrailing EA with? You must have preferences and positive experience using the LOCT?

Atlas1
  • #15
  • Nov 19, 2010 1:02am Nov 19, 2010 1:02am
Usually I trade for fun just don't have much free $$$ to invest and use day break, fractal and zigzag break rules. Usually I use ATR based trailing method with different periods for different pair.

look an example on the pic
Attached Image (click to enlarge)
Click to Enlarge Name: d1.png Size: 83 KB
  • #16
  • Nov 20, 2010 10:48pm Nov 20, 2010 10:48pm
It would be nice to be able to place our own buys and sells in the tester in order to see how LOC would handle any system that interests us.

It would be nice to be able to place a trailing stop that works on the lowest of the last two fractals. (Bill Williams' strategy.)

It would also be nice to be able to use a displaced moving average in LOCMA, such as a 13 MA of the median price displaced 8 periods. ( More Bill Williams' stuff.)

It would be nice to compare strategies and settings. (I will start to post some results as I get to that.)

It will also be nice to get more trades like the one I got the other night. I sold one lot at profit and left the second lot on with LOCMA trailing a stop and went to bed. Next morning I had a second and larger profit that I didn't have to baby sit. Good stuff.

Let's start comparing strategy and settings.

Thanks again for a good product Mikhail.
  • #17
  • Nov 22, 2010 12:06pm Nov 22, 2010 12:06pm
Quote
It would be nice to be able to place our own buys and sells in the tester in order to see how LOC would handle any system that interests us.

A good idea I'll add this feature in to the next version

Quote
It would be nice to be able to place a trailing stop that works on the lowest of the last two fractals. (Bill Williams' strategy.)
Can you point me on the description. There is already a fractal based trailing in LOCTrailing but it uses the last formed fractal...

Quote
It would also be nice to be able to use a displaced moving average in LOCMA, such as a 13 MA of the median price displaced 8 periods. ( More Bill Williams' stuff.)
Will add in to the next version

Quote
It would be nice to compare strategies and settings. (I will start to post some results as I get to that.)

The closing strategy usually depends on your entry strategy. So not easy to compare.

Quote
It will also be nice to get more trades like the one I got the other night. I sold one lot at profit and left the second lot on with LOCMA trailing a stop and went to bed. Next morning I had a second and larger profit that I didn't have to baby sit. Good stuff.

Congrats! Good profits that you dont need to baby sit is the goal of the LOCTrailing EA

Thanks you for using the EA and ideas.
  • #18
  • Nov 25, 2010 5:33pm Nov 25, 2010 5:33pm
If you can trail a stop just below the lower of the last two fractals, it often keeps you in a trade when a zigzag correction occurs.

If you have a look at the chart here:

http://www.alpari.co.uk/files/site_u...135facdfe7.gif

You will see that trailing the stop above the higher of the last two fractals will actually keep you in the trade through the last rally where the price rose to the blue moving average before dropping again.

This gives you a chance to not be stopped out in a wave four correction and go on to make more gains in wave 5.

The chart is from Alpari, where they have a nice write up on Bill Williams methods, including the use of displaced moving averages.

I hope that helps to explain the use of a stop at the higher or lower of the last two fractals. If not, let me know and I will find some more information.
  • #19
  • Jan 28, 2011 12:18pm Jan 28, 2011 12:18pm
Hi All,

New version of LOCTrailing EA, LOCTrailingMA EA and LOCTRailing FREE EA released today.

I'm happy to tell you about the new features EAs provides.
First of all now you can change colors of the EA. You can use a Light background color scheme now.
Attached Image


It can be used in all LOC EAs.
( You can find more info on the site:http://www.landofcash.net )

Also added an option to apply Stop loss and Take profit instantly after an order is placed. You specify the values you want the ea to modify an order with and after you open an order EA will modify it with defined Stoploss and take profit. Also applies to all LOC EAs.

LOCTrailing EA now provides a new trailing Method. Bollinger Bands Indicator trailing. So now you can trail using six different algorithms!!!

Added a "buffer" additional Pips parameter in LOCTrailingMA EA. Now you can specify the value to add/subtract to MA (Works like Envelopes trailing).


I'm not going to stop with new features and updates. So my plans for the next version are:

1. add an option to open positions. This will turn your Trailing EA into a real EA which will also open positions.
2. hidden trailing. with this optoin EA will monitor positions and close them instantly without modifying the SL.
3. More trailing algorithms.

Let me know if you have questions or suggestions.
you can get EAs here:
http://www.landofcash.net/ForexTradi...tAdvisors.aspx


Thanks
Mikhail
  • #20
  • Jun 6, 2011 3:20am Jun 6, 2011 3:20am
Hi,
The new version of LOCTrailing EA released today.

New trailing method added -- Approaching trailing.

The idea is to start trail with a big stop loss and as order goes more in profit decrease the Stop loss value.

For example:
it starts trail with 100 pips SL when order profit is 100-125 pips
next trail with 90 pips SL when order profit is 125-150 pips
next trail with 80 pips SL when order profit is 150-175 pips
and so on

Please let me know if this is not clear to you or if you have any questions.
More info here: http://landofcash.net/ForexExpertAdv...CTrailing.aspx

here is the video of this trailing method with some comments.
Inserted Video


Thanks
Mikhail
0 traders viewing now